Current Affairs Quiz-September, 2020

Notes:
The Cabinet Committee on Economic Affairs (CCEA) chaired by the PM by, has approved monetization of assets of Power Grid.
Power Grid is a Public Sector Undertaking under Ministry of Power. The monetization is being done for the first time through Infrastructure Investment Trust (InvIT) model. The proceeds of asset monetization would be used to fund new and on-going projects of the PSU.

Notes:
Minister of State for Shipping Mansukh Mandaviya has recently launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports).
SAROD-Ports is established under Societies Registration Act and aims to resolve the disputes with the panel of technical experts as arbitrators. It is expected to save legal expenditure and time. This works similar to the SAROD-Roads constituted by NHAI.

Notes:
Jeff Bezos – the Chief Executive and co-founder of Amazon has topped Forbes’ list of richest Americans. He has been the richest American as per the Forbes’ list for 3 times in a row.
He is followed by Microsoft co-founder Bill Gates. As per the Forbes and Bloomberg Billionaires Index, Jeff Bezoz became the first person whose net worth rose to over USD 200 billion.

Notes:
The United States of America (USA) has recently revoked the Visas of more than 1,000 Chinese students and researchers.
The move is under the directions of the US President Donald Trump in May 2020. The proclamation is aimed at Chinese nationals who are suspected to have ties with Chinese military. In this regard, China has accused US of racial discrimination.

Notes:
Germany has recently carried out the first nationwide test of its civil alarm systems since the end of the Cold War.
The country has also newly created National Warning Day, or Warntag, which is to be observed every year on September 10. Several alarms were sounded to alert the public to create the awareness about the measures to be taken in the backdrop of a national emergency.

Notes:
The Lt Governor of Jammu and Kashmir Manoj Sinha has announced a health insurance scheme covering all residents of J&K.
The scheme will provide health insurance cover free of cost to all residents. The scheme will also cover retired employees and their families. This health insurance scheme is expected to cover nearly 70 lakh residents who are not covered under Ayushman Bharat scheme.

Notes:
India has been ranked at 105th position in the Economic Freedom Index 2020.
‘The Economic Freedom of the World: 2020 Annual Report’ has been released by Fraser Institute of Canada in collaboration with New Delhi based think tank “Centre For Civil Society”. As per the report, Hong Kong and Singapore have topped the index.

Notes:
British Racing Driver Lewis Hamilton has recently clinched his 90th Formula One win after winning the Tuscan Grand Prix Tournament.
Valtteri Bottas reaced within 1.1 seconds of Hamilton and finished second while Red Bull driver Alexander Albon finished third and clinched his first career podium. Hamilton can equal Schumacher’s record of victories at the Russian Grand Prix, as he is one win behind Schumacher.

Notes:
The Ministry of Commerce and Industry, Government of India has banned the export of all varieties of onions, except for those in cut, sliced or in powder form.
This has been done to increase the supply of onion in the county and to bring down its market price. The provision under Section 3 of Foreign Trade (Development and Regulation) Act, 1992 is used by the ministry in this regard.

Notes:
The 10th Defence Technology and Trade Initiative (DTTI) Group Meeting between India and the United States.
This meeting was held as a part of the Indo-US Bilateral Defence Cooperation. DTTI Group Meetings are held twice a year, hosted alternatively by India and the United States. During the virtual meet held this year, a Statement of Intent on Defence technology cooperation was also signed.